21 December 2015 | 4 replies
Hi all-I was hoping to get the Community's take on the following scenario...I am looking to acquire my 5-6th units via a duplex.
20 December 2015 | 5 replies
Single-hung usually next in line, then double-hung... casement/awning windows of comparable size are usually the most costly of the common window types.Be sure to pay attention to the egress needs - while a 2650 DH might meet egress, a 2650 casement may not (or it may need side pivot hardware).I could write a small novel on what to look for when buying windows... however, sleep beckons.
15 October 2016 | 67 replies
Originally posted by @Joe Villeneuve:The Original cash goes into the first, out the first into the 2nd, out the 2nd into the third, .............in the 'n'th, out the 'n'th (last), and it is never spent...just used "n" number of times.Under my scenario, your first purchase will NOT be using all (your) cash, but just a normal 20-25% deposit.
5 June 2018 | 12 replies
Are you sure this scenario is correct?
22 December 2015 | 14 replies
Delaware is great for a lot of different scenarios, but not typically in the area you are looking at.Also, S Corps may be great for operational businesses, but you should generally avoid them for anything that holds real estate due to appreciation issues.
20 December 2015 | 11 replies
Daughter-in-law had right of survivor ship as we're tenants in common.
20 December 2015 | 8 replies
If you don't own your current residence but are paying more than 100-150/mo then my common sense says you're winning.
19 December 2015 | 3 replies
It is not common in the United States.
23 December 2015 | 6 replies
For example, theoretically I can buy old house for 70% of market and I can have at least two scenarios:1.
23 December 2015 | 2 replies
EFFECTIVE GROSS INCOME: $89,330EXPENSES:Property Management: 7.5% = $6,700Insurance: $5,112Maintenance: 12% = $10,720 (I will likely modify this number after inspection one I have a better idea of the actual shape of the property)Taxes: $8,568Trash: $1,085Water/Sewer/Common Elect: $6,910TOTAL EXPENSES: $39,094NOI: $50,236Cap Rate: 8.37%Debt Service: $33,672 (5 yr arm - 25 year am, 5.0%)Net Cash Flow Before Taxes: $16,564Cash on Cash (Assuming 20% down): 13.8%ROE (NCF + Princip paydown): 22.1%DCR: 1.49Debt Yield: 10.5%Using 50% Rule: $83.28/unit/month